GFM Network News


U.S. livestock: Hog futures take a breather

April live cattle up, but well down off highs

Chicago | Reuters — Chicago Mercantile Exchange (CME) lean hog futures consolidated on Friday as the market caught its breath after pulling back from contract highs reached last week. Strong demand for U.S. pork from China recently supported hog futures, as China is battling the fatal pig disease African swine fever, which increased its need […] Read more

U.S. livestock: Pork export sales rise, profit-taking hits hog futures

Cattle futures down while beef exports up

Chicago | Reuters — Chicago Mercantile Exchange lean hog futures ended lower on Thursday as profit-taking overshadowed strong U.S. export demand, analysts said. The U.S. Department of Agriculture, in a weekly report, said weekly net U.S. pork export sales were 59,600 tonnes for 2021, up 68 per cent from the prior four-week average. Weekly export […] Read more


U.S. grains: Soybeans jump on inclement South American weather

Weekly U.S. corn export sales miss expectations

Chicago | Reuters — U.S. soybean futures settled higher on Thursday as adverse weather across South America fueled concerns about a short-term supply crunch. The market briefly turned lower late in the trading session amid gains in the U.S. dollar that make U.S. farm goods less attractive to importers, traders said (all figures US$). Prices […] Read more

U.S. grains: Soy futures consolidate after gains

Excess rain in Brazil underpins soy, corn futures

Chicago | Reuters — U.S. grain and soybean futures fell on Wednesday as the markets consolidated after rallying in the previous session. Strength in the U.S. dollar weighed on prices, analysts said, because a firm dollar makes U.S. farm products less attractive to importers (all figures US$). For soybeans, there was a “lack of fresh […] Read more


Pulse weekly outlook: Turkey’s record-level lentil imports expected to decrease

Country's domestic acreage expected up in 2021

MarketsFarm — Canadian lentil exports to Turkey reached unprecedented numbers in 2020. According to Statistics Canada data, Turkey imported 534,160 tonnes worth $355 million during the calendar year, making it the second-largest buyer of Canadian lentils behind India. Last year’s total nearly equalled the amount of lentils Canada exported to Turkey over the previous three […] Read more

U.S. livestock: Live cattle hit five-week low

Technical selling, weaker beef prices bring pressure

Chicago | Reuters — Technical selling on Monday drove Chicago Mercantile Exchange live cattle futures to their lowest prices in more than five weeks, while lean hog futures recovered from a sell-off. The cattle market’s losses brought the most-active April contract down six per cent from a life-of-contract high reached on Feb. 16. Strong domestic […] Read more


Beef cattle sector weighs in for federal food processing study

Cattlemen's Association makes recommendations to Commons' ag committee

The House of Commons’ standing committee on agriculture will soon be wrapping up its study into Canada’s processing capacity. Since November, MPs have heard from more than 50 witnesses on the matter — including representatives from the Canadian Cattlemen’s Association, whose president Bob Lowe and executive vice-president Dennis Laycraft testified at a committee meeting Tuesday. […] Read more

Pulse weekly outlook: Canada’s lentils face competition

MarketsFarm — Acreage and production of lentils in Canada are expected to mostly remain the same for the 2021-22 crop year. While strong demand during the COVID-19 pandemic has bolstered prices over the past year, increased production from competing exporters may cut into that buying interest going forward. Elyce Simpson Fraser, senior vice-president of Simpson […] Read more


Feed weekly outlook: Offshore demand still lifting Prairie barley

MarketsFarm — Solid offshore demand for Canadian barley remains the key driver in the domestic feed market, keeping prices high. “It’s certainly not driven by southern Alberta, it’s driven by Vancouver and the export business,” said Allen Pirness, of Market Place Commodities in Lethbridge, on the continued strength in barley bids. Typically, arbitrage opportunities would […] Read more

U.S. grains: Soybeans fall, pressured by fund selling

Brazil, Argentina showers ease soy, corn supply concerns

Chicago | Reuters — Chicago soybean futures fell on Wednesday, touching their lowest in more than a week, pressured by technical selling combined with rains across South America, which eased supply concerns. Corn followed, also pressured by beneficial South American rains, while wheat ended lower, but was supported by export optimism. The Chicago Board of […] Read more